Tag: Valuable

In this article, we will discuss the 17 Most Valuable E-Commerce Companies in the World. You can skip our industry overview and go directly to the 5 Most Valuable E-Commerce Companies in the World.

The eCommerce market was valued at $16.6 trillion in 2022. As per Imarc Group, the eCommerce industry will be worth $70.9 trillion by 2028, expected to grow at a compound annual growth rate (CAGR) of 27.43% from 2023 to 2028. Rapid urbanization, rising internet penetration, and integration of eCommerce platforms with devices such as smartphones and laptops are boosting this market’s growth.

According to UNCTAD projections, the surge in eCommerce after the outbreak of COVID-19 increased the percentage of online retail sales in overall retail sales from 16% to 19% in 2020. The increase in digitization after the outbreak of the global pandemic proved favorable for this sector, with McKinsey claiming that e-commerce has risen 2 to 5 times faster than before the pandemic.

According to Statista, the eCommerce market size by country indicates that China will remain the world’s largest e-commerce market in 2022, with an estimated value of $1.5 trillion. With $875 billion in sales revenue, the United States is the second-largest e-commerce market behind China. Japan is ranked second in terms of e-commerce market size by country, followed by two European countries, Germany and the United Kingdom. South Korea is in sixth place, and India is ranked seventh.

The last few years also saw the rise of social commerce, with the market predicted to reach $1.2 trillion by 2025. This phenomenon combines online purchasing with the use of social media platforms; vendors use it to promote their items and redirect the user to their webpage, while customers use it to write and read product reviews. This also makes social media

In this article, we will discuss the 15 most valuable e-commerce companies in the world. You can skip our detailed analysis of these companies, and go directly to 5 Most Valuable E-Commerce Companies in the World.

Ecommerce has been growing persistently for the past few years. It took over 19 percent share of global retail sales in 2020 from 16 percent in 2019. With the advent of the pandemic, this growth has accelerated. According to a report by McKinsey, the pace of economic growth has increased by two to five times after the onset of the Covid-19 pandemic.

While the e-commerce transactions are increasing, their distribution across the regions is different. Asia-Pacific has the major share in these transactions, which amounted to 62 percent of the total retail transactions in 2020 according to eMarketer’s 2020 Global E-Commerce Report. North America and Western Europe take up the rest of these transactions. Latin America, Africa, and the Middle East constitute 3 percent of the global online trade collectively.

Global e-commerce sales are projected to stand at $4.921 trillion in 2021. China remained 2020’s biggest e-commerce market with $1,343.5 billion in sales during the said year. It is expected to hold this position by 2025 with its revenue projected to reach $1,996 billion, marking a Compound Annual Growth Rate (CAGR) of 8.2 percent. Not only that the Chinese market is the biggest in value, but it also has the largest growth rate in the three major markets. The US market generated revenues worth $537.7 billion in 2020. With a CAGR of 6.1 percent, its revenues are projected to exceed $723.6 billion in 2025. As for Europe, its revenues stood at $460.5 billion in 2020. It is projected to undergo a growth rate of 7.3 percent and generate $655.6 billion in revenues by